Morning Report

The USDCHF pair managed to breach 0.9460, referred to yesterday, and it also remained above it to confirm the bearish downside intraday direction for today. However, the positivity of momentum indicators may cause some volatility to retest the broken support before heading to the bearish targets that starts at 0.9310, noting that the breakoutabove 0.9460 and stability above it may delay reaching our targets.

The trading range for today is among the key support at 0.9310 and the key resistance at 0.9645.

The short term trend is to the downside as far as 1.0330 remains intact with targets at 0.8000.

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Weekly Report

RecommendationBased on the charts and explanations above our opinion is selling the pair around 0.9460 targeting 0.9310 and stop loss above 0.9545, might be appropriate.